Fair Value (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

As of September 30, 2015, interest rate swap agreements are carried at their fair value and measured on a recurring basis as follows (in thousands):

	Fair Value Measurements Using
	Level 1		Level 2		Level 3
Interest rate swaps, Current (a)	$	—	$	2,384	$	—
Interest rate swaps, Long-term (a)	$	—	$	1,861	$	—

As of December 31, 2014, interest rate swap agreements are carried at their fair value and measured on a recurring basis as follows (in thousands):

	Fair Value Measurements Using
	Level 1		Level 2	Level 3
Interest rate swaps, Long-term (a)	$	—	2,742	$	—

(a) The fair value is determined using valuation models which rely on the expected LIBOR based yield curve and estimates of counterparty and the Company’s non-performance risk.  Because each of these inputs are directly observable or can be corroborated by observable market data, the Company has categorized these interest rate swaps as Level 2 within the fair value hierarchy.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The estimated fair values of the Company's long-term debt as of September 30, 2015 and December 31, 2014 are as follows (in thousands):

	September 30, 2015				December 31, 2014
	Carrying Amount		Fair Value (a)		Carrying Amount		Fair Value (a)
Term Loan, due 2019 (b)	$	612,068	$	624,000	$	614,590	$	619,368
Notes, 8.75%, due 2019	300,000		309,000		300,000		301,890
Total	$	912,068	$	933,000	$	914,590	$	921,258

(a) The Company estimated fair value based on market prices of the Company's debt securities at the balance sheet date, which falls within Level 2 of the fair value hierarchy.

(b) The carrying amount of the Term Loan is net of the unamortized discount of $11.9 million and $14.2 million as of September 30, 2015 and December 31, 2014, respectively.